HARTING Technology Group Embarks on New Business Year From a Strong Position

The HARTING Technology Group, headquartered in Espelkamp has entered the new 2015/16 business year from a strong position.

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Dec 18th, 2015

The HARTING Technology Group, headquartered in Espelkamp (Minden-Lübbecke district), has entered the new 2015/16 business year from a strong position (commencing on 1, October, 2015). Sales in the 2014/15 business year elapsed were up by 3.7 % to EUR 567 million (previous year: EUR 547 million), thereby marking the highest sales in the history of the company.

“We are pleased with these developments. The result is in line with the forecast stated at our last annual press conference. We have delivered,“ stated Philip Harting, chairman and personally liable partner. At the beginning of December 2014, the HARTING management board had forecasted lower single digit sales gains.

Business developments ran different courses in the individual regions in which HARTING is active. In Europe (without Germany) and the Near East (EMEA), sales were up by 4.6% to EUR 183 million (previous year: EUR 175 million). Business in the Americas region showed marked growth. The family owned and managed company headquartered in Espelkamp generated gratifying gains of 17,3% to EUR 61 million (previous year: EUR 52 million). Within two years HARTING has been able to boost sales in the Americas by a sound one third. “The reindustrialization of the USA is a growth driver, while the interest in our Industry 4.0 solutions is also decidedly substantial. I am looking forward to the USA as our partner country at next year’s Hannover Messe,“ Philip Harting continued. HARTING announced that the partner country USA will hold particular significance at the upcoming trade fair appearance.

In Asia, HARTING sales were up by EUR 3 million to EUR 129 million (previous year: EUR 126 million). In Germany, sales matched the previous year’s figure of EUR 194 million. In the meantime, the HARTING Technology Group is achieving two thirds of total sales (66%) abroad. “In view of the positive developments in the Americas region, we will be stepping up our activities there“, as Philip Harting emphasized. Production will soon be kicking off at the Silao location, in Mexico. The facility will produce small size switch cabinets, as well as moulded cables and wiring harnesses. The expansion activities in Romania are more or less concluded. “We are expanding the worldwide HARTING manufacturing network step by step,“ as Philip Harting added.

Philip Harting emphasized that the passing of the baton in October, when he assumed the chairman position from his father Dietmar Harting, set the course for the successful continuation of the company’s development. “This change at the helm stands for continuity – and consequently for security and reliability for our suppliers, our customers and our employees“, Philip Harting emphasized.